413-415 King Street W, Hamilton, ON, L8P 1B5 - investment for sale | Listing ID H4169592

413-415 King Street W, Hamilton, Ontario, L8P 1B5

MLS® # H4169592

Investment For Sale In Strathcona, Hamilton, Ontario

$1,599,999

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413-415 King Street W, Hamilton, ON - Outdoor With Facade

413-415 King Street W, Hamilton, ON - Outdoor

413-415 King Street W, Hamilton, ON - Outdoor With Exterior

413-415 King Street W, Hamilton, ON - Indoor Photo Showing Bedroom

413-415 King Street W, Hamilton, ON - Indoor Photo Showing Laundry Room

413-415 King Street W, Hamilton, ON - Indoor

413-415 King Street W, Hamilton, ON - Indoor With Storage

413-415 King Street W, Hamilton, ON - Indoor Photo Showing Bathroom

413-415 King Street W, Hamilton, ON - Indoor Photo Showing Other Room

413-415 King Street W, Hamilton, ON - Indoor Photo Showing Dining Room

413-415 King Street W, Hamilton, ON - Indoor Photo Showing Kitchen

413-415 King Street W, Hamilton, ON - Outdoor With Backyard

413-415 King Street W, Hamilton, ON - Outdoor With View

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413-415 King Street W, Hamilton, Ontario, L8P 1B5

$1,599,999

Property Information:

Attention Investors! This is your chance to own a rare and promising property! Embrace the potential of this 18-unit investment, featuring 14 shared accommodations and 4 bachelor units, perfectly positioned just steps away from the rapidly expanding downtown core. You have the unique opportunity to optimize your returns by reducing expenses, increasing income, and even considering the addition of more rooms or units. Act quickly as this outstanding opportunity won't be available for long! The property currently generates a substantial annual Gross Income of over $136,000 CAD, with the possibility to increase as units turn over. Few investments offer such attractive returns, and the possibilities here are truly boundless. Furthermore, the seller may be open to accommodating Vendor Take-Back (VTB) mortgage or private financing, making it easier for you to seize this profitable venture. Don't hesitate; secure your future now with this remarkable investment! (id:27)

Building Features:

Style: Multiplex
Building Type: Multi-Family
Architectural Style: Multi-Unit
Basement Development: Partially finished
Basement Type: Partial
Exterior Finish: Brick
Fire Protection: Smoke Detectors
Floor Space: 5300 Square Feet
Foundation Type: Stone
Heating Type: Forced air
Heating Fuel: Natural gas
Appliances: Dryer, Microwave, Refrigerator, Stove, Washer

Property Features:

Property Type: Multi-family
Amenities Nearby: Public Transit, Schools
Features: No Driveway
Floor Space (approx): 5300.00 Square Feet
Irregular: Yes
Lot Depth: 133.0 Feet
Lot Frontage: 50.0 Feet
Lot Size: 50 x 133.5
Zoning: TOC1, 295
Sewer: Municipal sewage system
Parking Type: No Garage

Courtesy of: Right At Home Realty

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Market Price Trends

Location of 413-415 King Street W, Hamilton, Ontario, L8P 1B5

Lifestyle
Neighbourhood

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: High

30 hot days expected in 2050

Projected Storm Risk: High

13 storms expected in 2050

Projected Heat Risk: High

30 hot days expected in 2050

47/100

High

ClimateCheck®

Current data

This property, 413-415 King Street W , experiences 7 hot days per year at around 32 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 30 hot days at 35.5 degrees Celsius.

Projected Avg. Temperature

Past

32℃

2050

35.5℃

# Hot Days Per Year

Past

2050

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Storm Risk: High

13 storms expected in 2050

59/100

High

ClimateCheck®

Current data

This property, 413-415 King Street W , experiences 11 significant 2-day storms per year, with about 309.1mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 13 significant 2-day storms with 384.1mm of precipitation per year.

Precipitation Per Storm

Past

309.1mm

2050

384.1mm

48-Hour Storms Per Year

Past

2050

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 413-415 King Street W, Hamilton, Ontario, L8P 1B5

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$100,840.52

Average Number of Children

1.69

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

14.7 %

High school certificate or equivalent

29.31 %

Apprenticeship trade certificate/diploma

4.47 %

College/non-university certificate

18.97 %

University certificate (below bachelor)

0.45 %

University Degree

28.34 %

Commuter

Travel To Work

By Car

61.42 %

By Public Transit

16.07 %

By Walking

16.14 %

By Bicycle

3.88 %

By Other Methods

2.5 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

50.61 %

Houses

48.57 %

Own Vs. Rent

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Property Information:

Building Features:

Property Features:

Market Price Trends

Location of 413-415 King Street W, Hamilton, Ontario, L8P 1B5

Climate Risk Data

Current data

Projected data

About Heat Risk

Current data

Projected data

About Storm Risk

Demographic Information of 413-415 King Street W, Hamilton, Ontario, L8P 1B5

Household Population

Household Structure

Age of Population

Education

Education Level

Commuter

Travel To Work

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Own Vs. Rent

413-415 King Street W, Hamilton, Ontario, L8P 1B5

Please contact your agent directly about this listing

Please contact your agent directly about this listing

Please contact your agent directly about this listing

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